Industrial production declines in Turkey while inflation and current account balance data are announced

In the Turkish economy, industrial production decreased by 1.9 percent year-on-year in August, and the manufacturing industry fell by 2.5 percent. While the September manufacturing PMI index dropped to 47.9, annual inflation decreased to 29.73 percent in the same period. In August, the current account balance posted a surplus of $4.05 billion, while the twelve-month deficit stood at approximately $42.1 billion.

In Turkey, industrial production recorded a year-on-year decline of 1.9 percent in August, while the manufacturing industry recorded a decrease of 2.5 percent. In September, the manufacturing PMI index fell to 47.9, a decrease was observed in new orders, and the rate of increase in input and sales prices accelerated.

On the external balance side, a current account surplus of $4.05 billion was achieved in August; however, the twelve-month total deficit materialized at approximately $42.1 billion. On the other hand, annual inflation declined to 29.73 percent in September.